Register
Henry takes out a $20,250 student loan to pay for college tuition this year. The interest rate he pays is 6% for 15 years. How much interest will he owe?
178k views
2 votes
Henry takes out a $20,250 student loan to pay for college tuition this year. The interest rate he pays is 6% for 15 years. How much interest will he owe?

User Walter Bright
by
8.5k points

1 Answer

2 votes

Answer:

$1215 x 15 = $18225 This is over 15 years.

User Yurzui
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!